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News and updates from the world’s leading cryptocurrency exchange
Feb 25
2019
Binance Launchpad: Fetch.AI Token Sale Results

Binance Launchpad, the exclusive token launch platform of Binance, has completed the sale of Fetch.AI (FET) tokens, which began on February 25, 2019, at exactly 2:00 PM UTC. The token sale was conducted through a single session, through which participants used Binance Coin (BNB). In this session, all 69,204,152 FET were sold to token sale participants within 11 minutes and 14 seconds.

About 24000 people pre-signed the User Agreement, while 19,860 people successfully submitted a buy order. Out of those people, 2,758 people successfully purchased FET

At the time of the sale, one FET is priced at 0.008584 BNB. In other words, 1 BNB can buy about 116.50 FET. Participants were able to purchase between 230 FET (the minimum amount eligible for purchase) and 34,602 FET (the maximum amount).

Fetch.AI brings together machine learning ("ML"), artificial intelligence ("AI"), multi-agent systems, and decentralized ledger technology to create an economic internet — an environment where digital representatives of the economy's moving parts (such as data, hardware, services, people and infrastructure) can get useful work done through effective introductions and predictions.

For more information about FET, please read this comprehensive paper completed by Binance Research on the project.

* Users from the following countries aren’t able to participate in the Fetch.AI token sale  on the Binance Launchpad platform: Afghanistan, Albania, Belarus, Bosnia & Herzegovina, Burundi, Central African Republic, Cote d’Ivoire, Cuba, Democratic Republic of the Congo, Ethiopia,Guinea, Guinea-Bissau, Iran, Iraq, Lebanon, Liberia, Libya, Mainland China, Malaysia, Myanmar (Burma), North Korea, Republic of Macedonia (FYROM), Serbia, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Thailand, Trinidad & Tobago, Tunisia, Uganda, Ukraine, United States of America (USA), Venezuela, Yemen, and Zimbabwe. This list of excluded countries may be subject to change and may vary from project to project. This post does not constitute investment advice nor should it be misconstrued as such. Certain information set forth in this post contains forward-looking statements and are not guarantees of future actions by Binance or any of its affiliates. All investments are subject to high market risk. Please be cautious when making your investments. While Binance Launchpad exerts utmost care in choosing and supporting transformative blockchain projects, we will not be responsible for any investment losses.